Rio2 (CVE:RIO) Posts Quarterly Earnings Results

Rio2 (CVE:RIO) posted its earnings results on Friday. The company reported C($0.01) EPS for the quarter, reports.

Rio2 Trading Down 2.9 %

CVE RIO opened at C$0.17 on Monday. The company’s fifty day simple moving average is C$0.20 and its 200-day simple moving average is C$0.22. Rio2 has a 52 week low of C$0.13 and a 52 week high of C$0.31. The company has a current ratio of 7.59, a quick ratio of 1.10 and a debt-to-equity ratio of 0.65. The stock has a market cap of C$42.77 million, a P/E ratio of -16.50 and a beta of 2.03.

About Rio2

Rio2 Limited engages in the exploration, development, and mining of mineral properties in Canada, Peru, Bahamas, and Chile. It holds a 100% in the Fenix Gold Project covering an area of approximately 16,050 hectares located in Chile. The company was incorporated in 1990 and is headquartered in Vancouver, Canada.